托马斯.A.普格尔-国际贸易-英语chap015教程文件.ppt

《托马斯.A.普格尔-国际贸易-英语chap015教程文件.ppt》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、Chapter15MultinationalsandMigration:InternationalFactorMovementsForeignDirectInvestment(FDI)Flowdefinition:Flowoffundingprovidedbyinvestors(usuallyfirms)toestablishoracquireforeigncompaniesortoexpandorfinanceexistingforeigncompaniesthattheinvestorsown.Keyissu

2、fficientownershiptocontrolorinfluencethemanagementoftheforeigncompany.Stockdefinition:Totalvalueofexistingfunding(equityanddebt)offoreigncompaniesthathasbeenprovidedbyinvestorsthatowntheseforeigncompanies.ExamplesofFDIandPortfolioInvestmentsFigure15.1–MajorHo

3、meCountries’DirectInvestments,Endof2002(BillionsofU.S.Dollars)Table:TransferPriceAffectsGlobalAfter-TaxProfitWhyDoMNEsExist?Inherentdisadvantagesofoperatingaforeignaffiliatecompetingagainstlocalfirms.Firm-specificadvantagesoftheMNE,especiallyintangibleassets.

4、Internalizationadvantagesinusingtheseassets.Locationfactorsbasedonresourcecostsandavailability,customerdemand,governmentpolicies,andotherconsiderations.OligopolisticrivalrythatusesFDIinthefirms’strategiesforcompeting.Taxationofmulinationalenterprise’sprofitsT

5、ransferpricingThesettingbythefirmofmonetaryvalues(prices)forthingsthatmovebetweenunitsofthefirm(suchasthingsthatmoveamongtheparentfirmandtheforeignaffiliatesofanMNE).ShouldthehomecountryrestrictFDIoutflow?ShouldthehostcountryrestrictFDIinflows?ImmigrationFigu

6、re15.2–GrossImmigrationRatesintotheUnitedStates,1820-2004,andCanada,1852-2004Figure15.3–NetImmigrationRatesintotheEuropeanUnion,1960-2004Figure15.4–Labor-MarketEffectsofMigration